Dividends

Strategy says it still has enough U.S. dollar reserves to cover dividend obligations for nearly 10 months, easing immediate concerns about a payout crunch. But weak pricing in MSTR and STRC, along with shifting corporate plans, is testing retail investor trust.

Strategy’s STRC preferred stock has fallen to a record low, disrupting a key funding channel used to expand its bitcoin holdings. The decline below par has also forced the company to pause new share sales through its at-the-market program.

Coinbase is preparing to launch tokenized stocks backed one-for-one by U.S. equities, giving investors blockchain-based ownership with dividend payments. The move adds fresh momentum to the push to bring traditional securities onchain.